Air Cargo Traffic to Grow — Long Term
Despite current economic conditions, in its updated industry forecast, Boeing Co. sees the world’s air cargo growth expanding at a 5.8% rate annually to 2027, with the Asian market to lead all global traffic routes. The biennial World Air Cargo Forecast is regarded as being greatly authoritative.
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"World GDP is projected to average just higher than 3% during the next 20 years. Asian production fundamentals—including abundant raw materials and low-cost labor—remain solid, and China will remain a source of strong economic growth with substantial industrialization and related investment," says Randy Tinseth, vice president, Marketing, Boeing Commercial Airplanes.
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